Mike Ryan, UK Chief Executive, PACK & SEND
“Firstly, it’s important to recognise that taking redundancy is a stressful time and if you do think about investing in a franchise, you really need to appreciate you are not going to be buying a job, you will be a business owner with everything that entails. Perhaps one of the most important next steps for a prospective franchisee is to evaluate the skills you can bring to a franchise. At PACK & SEND in particular, we look for individuals with a can-do attitude, first-class sales and customer service skills, and with goals of operating their own successful business – everything else is included as part of our training programme. Would you thrive in an owner-operator or management franchise – take the time to consider where your skills might be best suited.
“Another crucial part for a prospect is ensuring you conduct your due diligence thoroughly. Not only does this allow you to see whether the brand is the right fit, you can clearly see if it aligns with your own personal values too. Franchising is a partnership which requires you to work in tandem with your franchisor, the due diligence process gives you insight into what your business could look like. Most people are given a period of notice before their role is made redundant, so try to complete or at least get a good part way through your due diligence before your finish date – you’ll be so much closer to providing an income for you and your family if you do.”
